Month: November 2013

Avoid This Green Sector Until These Changes HappenOilPrice.comThe whole process is somewhat akin to oil-well drilling. But unfortunately the geothermal drilling sector isn’t nearly as developed as its sister services industry in the petroleum business. The reason is scale. Oil and gas is a big enough business …

U.S. Emerald Energy Announces New Oil Investment OpportunitiesPR Web (press release)Investing in the oil and gas industry and taking advantage of the potential to earn greater profits from investments is a goal for many investors. Some are satisfied with purchasing individual stocks in oil and gas companies or with purchasing … New …

Texas oil boom means more money for UT, A&MDallas Morning NewsOil and gas royalties are pumping a record amount of money into the endowment that supports the University of Texas and Texas A&M University systems, helping push the fund to a record $14.8 billion. In fiscal 2013, which ended Aug. 31, oil and gas …

Predicting Gulf-Coast Oil Prices is Getting HarderWall Street Journal (blog)The price of oil on the Gulf Coast – home to half of U.S. refining capacity — is becoming increasingly tough to predict, a new report from Credit Suisse says. The U.S. oil boom has kept prices in the Midwest at a steep discount to the global market …

Oil Price Rises as Iran’s Nuclear Talks StallABC NewsThe price of oil rose slightly Thursday, to above $94 a barrel, as talks between Iran and six powers to curb Tehran’s nuclear program seemed to be at an impasse. By early afternoon in Europe, benchmark U.S. crude for January delivery was up 24 cents to …

3 Ways to Increase Value at Murphy OilMotley FoolAfter lackluster performance and pressure from shareholders, Murphy Oil (NYSE: MUR ) recently went through some major restructuring in an attempt to unlock shareholder value. As the transition progresses, what else can Murphy do to further increase the …

Enegi Oil: Buoy technology could cut development costs by US$300mlnProactive Investors UKThe innovative new oil field development technology at the heart of Enegi Oil‘s (LON:ENEGI) new strategy can cut start up costs by as much as US$300mln, according to Shore Capital analyst Craig Howie. In a note, focussing specifically on the Energi’s …

Oil Prices Unlikely to Climb Much HigherOilPrice.comNearly everyone believes that oil prices will trend higher and higher, allowing increasing amounts of oil to be extracted. This belief is based on the observation that the cost of extraction is trending higher and higher. If we are to continue to have …

BP has two new rigs in the GulfDaily Comet (blog)Oil production from deepwater wells is expected to surpass the all-time record set before BP’s Macondo oil well disaster in 2010 prompted a deepwater drilling moratorium. Chett Chiasson … BP said it anticipates investing on average at least $4 …

Texas oil pipeline fire causes evacuation of town near DallasCNN(CNN) — A Texas community near Dallas has temporarily become a ghost town, after a nearby pipeline fire, which has been burning for nearly two days, caused it to be evacuated. Police required all residents of Milford, which has an estimated population …

Second Life for an Old Oil FieldWall Street JournalOne of Texas’ oldest oil fields, in decline for decades, has become one of the hottest places in the country to drill for crude, as energy companies create clusters of wells with layers of horizontal branches. The Permian Basin—86,000 square miles …Oil Is Cheap, and May Get CheaperInvestment U

Blue collar oilfield jobs becoming a thing of the pastHouma CourierThe days of wrench-toting, grease-speckled rough necks heading out to oil rigs may be limited, according to experts in oilfield industries. As safety regulations tighten and as drilling exploration becomes a more advanced science, oil companies are …

Crude oil price of Indian basket goes upTimes of IndiaPUNE: The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products during the Ist fortnight of November 2013. Accordingly, the under-recovery on …